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US stocks fall to session lows as Nvidia drops 6.6%

January 29, 2025 at 06:06PM
The biggest company in the world (or at least it was on Friday) is bouncing around like a small-cap stock. It rebounded huge yesterday but is under pressure again today. Perhaps the tell yesterday was that it rallied far more than other beaten-up semiconductor stocks.

Also weighing on Tesla is a report that the Trump admin is considering further tightening US export restrictions on Nvidia chips.

The Nasdaq is down 1.2% but chart is looking better. There big risks later today with earnings from Microsoft, Meta and Tesla. The trio are all lower today led by a 3% decline in TSLA.

This article was written by Adam Button at www.forexlive.com.

US stocks fall to session lows as Nvidia drops 6.6%